Which of the following institutions was/were asked by the Government of India to provide official estimates of black (unaccounted) money held by Indians, both in India and abroad ? 1. National Institute of Public Finance and Policy 2. National Council of

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Q: 21 (CDS-I/2013)
Which of the following institutions was/were asked by the Government of India to provide official estimates of black (unaccounted) money held by Indians, both in India and abroad ?
1. National Institute of Public Finance and Policy
2. National Council of Applied Economic Research
3. National Institute of Financial Management

Select the correct answer using the code given below.

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,24,48,13,10,25,24

keywords: 

{'public finance': [0, 0, 0, 1], 'institutions': [2, 1, 4, 11], 'india': [8, 1, 7, 13], 'indians': [8, 3, 13, 29], 'financial management': [0, 0, 0, 1], 'official estimates': [0, 0, 0, 1], 'national council': [0, 0, 0, 3], 'government': [5, 0, 0, 1], 'national institute': [0, 0, 2, 0]}

The correct answer is option 4, which is 1, 2, and 3.

The Government of India asked three institutions, namely the National Institute of Public Finance and Policy (NIPFP), the National Council of Applied Economic Research (NCAER), and the National Institute of Financial Management (NIFM), to provide official estimates of black (unaccounted) money held by Indians, both in India and abroad.

These institutions were chosen because of their expertise in economics, public finance, and research. They were tasked with conducting studies and analysis to estimate the amount of black money held by Indians, which refers to money that has been earned or generated through illegal means or is not reported to the government for tax purposes.

By involving these institutions, the government aimed to obtain credible and accurate estimates of black money, which could help in designing policies and measures to tackle the issue effectively.

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